Steel & Tube confirms guilty plea on steel mesh misrepresentation charges

Tue, 28 Nov 2017

Nov. 29 (BusinessDesk) - Steel & Tube Holdings has confirmed that it pleaded guilty to 24 charges laid against it by the Commerce Commission for making false and misleading representations about its steel mesh products. Interim chief executive Mark Malpass said in a statement to the stock exchange this morning that the charges regarding compliance with the testing standard for seismic mesh related to the application of testing methodologies only, not the performance characteristics of the seismic mesh. The Commerce Commission brought the cha...

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